As for "Yahoo the search engine" - that certainly seems to be a lost cause, but Yahoo has built a substantial business over the course of the last decade. Assets such as their Fantasy Sports, Yahoo Finance, and Flickr are thriving - not to mention their stake in Alibaba.
Sales for fiscal 2005 were $5.3 billion.
Yes, they're obviously a rocket ship of growth.
They're rotting. Worse than their 7 years of stagnation (let's not even inflation adjust for the comparison), is that their leadership is completely non-existent; they have no category killers that are banging out the growth and profits; they no longer produce big innovative products; their core as a portal is eroding; their dominance in display advertising has been eclipsed.
...and I agree on the leadership issues.
I'm not saying they're perfect, I'm not even saying I agree with their actions in this case - I definitely don't. What I am saying is maintaining/growing (depending on your sample range) revenues and increasing earnings through a global recession isn't dying.